We Think Applied Industrial Technologies (NYSE:AIT) Might Have The DNA Of A Multi-Bagger
We Think Applied Industrial Technologies (NYSE:AIT) Might Have The DNA Of A Multi-Bagger
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at the ROCE trend of Applied Industrial Technologies (NYSE:AIT) we really liked what we saw.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的百分比。基本上,这意味着一家公司有可以继续进行再投资的盈利计划,这是复合机的一个特征。所以当我们看一下ROCE趋势时 应用工业技术 (纽约证券交易所代码:AIT)我们真的很喜欢我们所看到的。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Applied Industrial Technologies:
如果你以前没有与ROCE合作过,它可以衡量一家公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用以下公式来计算应用工业技术的计算结果:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用资本回报率 = 利息和税前收益 (EBIT) ÷(总资产-流动负债)
0.21 = US$486m ÷ (US$2.8b - US$467m) (Based on the trailing twelve months to September 2023).
0.21 = 4.86 亿美元 ¥(28 亿美元-4.67 亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, Applied Industrial Technologies has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Trade Distributors industry average of 13%.
因此, 应用工业技术的投资回报率为21%。 从绝对值来看,这是一个不错的回报,甚至比贸易分销商行业平均水平的13%还要好。
See our latest analysis for Applied Industrial Technologies
查看我们对应用工业技术的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231105/0-4922451dfb92ddb198abb75b8a02ce7f-0-09b6ce436fb5807adc8111bfa536a8fa.png/big)
Above you can see how the current ROCE for Applied Industrial Technologies compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上方你可以看到应用工业技术公司当前的投资回报率与之前的资本回报率的比较,但从过去可以看出来只有这么多。如果你有兴趣,可以在我们的网站上查看分析师的预测 免费的 分析师对公司的预测报告。
The Trend Of ROCE
ROCE 的趋势
Applied Industrial Technologies' ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 65% over the last five years. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
应用工业技术的投资回报率增长相当可观。从数据来看,我们可以看到,尽管该业务中使用的资本一直保持相对平稳,但在过去五年中,产生的投资回报率却增长了65%。因此,我们的看法是,该业务提高了效率以产生更高的回报,同时无需进行任何额外的投资。从这个意义上说,该公司表现良好,值得研究管理团队对长期增长前景的计划。
The Key Takeaway
关键要点
As discussed above, Applied Industrial Technologies appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 152% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Applied Industrial Technologies can keep these trends up, it could have a bright future ahead.
如上所述,应用工业技术似乎越来越擅长创造回报,因为资本使用量保持不变,但收益(扣除利息和税前)却有所增加。在过去五年中,152%的惊人总回报率告诉我们,投资者预计未来会有更多的好处。有鉴于此,我们认为值得进一步研究这只股票,因为如果应用工业技术公司能够保持这些趋势,它可能会有光明的前景。
If you'd like to know about the risks facing Applied Industrial Technologies, we've discovered 1 warning sign that you should be aware of.
如果您想了解应用工业技术面临的风险,我们已经发现 1 个警告标志 你应该知道的。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报是实现强劲业绩的关键因素,所以请查看我们的 免费的 资产负债表稳健的股票清单,股本回报率高。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。